Monday, August 23, 2010

POTENTIAL LONGS WITH ENTRY AND EXIT TARGETS

1. CME: Entry at 220-225, exit at 250-260

2. DLB: Entry at 51-52, exit at 55-56

3. STX: Entry at 10.00-10.50, exit at 11.50

4. WHR: Entry at 75, exit at 85

5. VECO: Entry at 30-31, exit at 35-36

6. WDC: Entry at 23-24, exit at 25-26

Friday, August 6, 2010

PCLN BEAR CALL SPREAD- Aug OPX Play


Set up: Overbought based on daily RSI and Ultimate Oscillator.

Max upside target is 305-306 short term and I think it will pullback to 280's. I strongly believe PCLN will close at or below 300 (most likely 280) on August options expiration (OPX) based on current Open Interest in Aug calls and puts.

Strategy: Sell Aug 310 call and buy Aug 340 call for a CREDIT of 3.30 and above if it rallies next week.


GLTA